The transactions were carried out under a Rule 10b5-1 trading plan, which Hagerty established on August 16, 2024. Following these transactions, Hagerty retains ownership of 146,987 shares in the company. The sale comes amid a strong performance period for PFGC, with the stock posting a 28.86% return over the past six months. For deeper insights into PFGC's valuation and 10+ additional ProTips, access the comprehensive Pro Research Report available on InvestingPro. The sale comes amid a strong performance period for PFGC, with the stock posting a 28.86% return over the past six months. For deeper insights into PFGC's valuation and 10+ additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
The transactions were carried out under a Rule 10b5-1 trading plan, which Hagerty established on August 16, 2024. Following these transactions, Hagerty retains ownership of 146,987 shares in the company.
In other recent news, Performance Food Group (NYSE:PFGC) (PFG) has made significant strides with changes to its executive leadership, upward revisions in earnings estimates, and robust fiscal Q1 2025 results. PFG announced a reshuffle in its top management, with Scott McPherson taking on the role of President & Chief Operating Officer, and Craig Hoskins transitioning to Executive Vice President & Chief Development Officer.
The financial services firm, Piper Sandler, has increased its price target for PFG from $79 to $92, maintaining its Overweight rating on the stock. This adjustment reflects PFG's updated Fiscal 2025 guidance, which includes the impact of the recently completed Cheney Brothers acquisition. The firm's revised estimates for Fiscal 2025, Fiscal 2026, and initial Fiscal 2027 reflect the integration of the acquisition into PFG's financial outlook.
Additionally, PFG reported its fiscal Q1 2025 financial results in an earnings conference call led by CEO George Holm and CFO Patrick Hatcher. The company provided both GAAP and non-GAAP financial measures, issuing forward-looking statements regarding future results. These recent developments provide investors with a more robust outlook for PFG, especially following the Cheney Brothers acquisition.
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